NEPSE index continues downward trend after CA dissolution

The Nepal Stock Exchange (NEPSE) index continued to plunge even in the second trading day after the dissolution of Constituent Assembly (CA) without promulgating the new constitution even after its four years tenure that ended on May 27.

The secondary stock market index plunged by 18.69 points to 373.2 points on Wednesday while it had dipped by 20.98 points to 391.89 points on Tuesday, the first trading day after the dissolution of CA.

As per the sub-indices, except hotels which grew by 4.34 points all the groups witnessed downward trend – banking group went down by 26.68 points, development bank 1.8 points, hydropower 37.93 points, finance 0.23 points, insurance 4.86 points and others 15.27 points.

NESPE traded with 49 companies registering the turnover of Rs. 36 million through 1421 transactions on Wednesday.

The index had increased by 14.28 points to 412.87 points on Sunday amid hopes for political stability after promulgation of the constitution. But the trend did not last after May 27 constitutional debacle. nepalnews.com